Table of Contents
Introduction
In recent years, the IMO has accelerated regulatory efforts to cut the carbon intensity of all ships by at least 40% by the year 2030 and make the industry net zero by 2050. Because of this, creating an alternative fuel source has become a necessity, and many companies are now working towards that aim.
Nuclear propelled ships are by no means new; they have been used in the past, perhaps most commonly on nuclear submarines, but examples can also be found in surface vessels such as Russian icebreakers and the NS Savannah as far back as 1959. Generally, nuclear has proven itself to be a stable means of propulsion. Still, safety concerns, along with the fact that initial installation costs for a nuclear reactor have traditionally been so high has put many shipping companies off using them. However, with fuel costs currently so high, could nuclear power save ship owners thousands in the long run and help the sector meet its 2050 obligations?
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